More than 12,000 Catholic churches in the U.S. applied for PPP loans – and 9,000 got them

As suffering small businesses around the country clamor for much-needed loans from the federal Paycheck Protection Program, news of prominent national chains receiving millions of dollars sparked an outcry among owners of smaller businesses who have been shut out. Now, many will likely be surprised to learn that between 12,000 and 13,000 of the 17,000 Catholic churches in the U.S. also applied for those coveted PPP loans. Pat Markey, the executive director of the Diocesan Fiscal Management Conference, an association of finance officers from Catholic dioceses, estimates that around 6,000 Catholic parishes had their applications for federal funding approved in the first round of PPP and around 3,000 have received loans so far in the second round. -- More...